What is an Installment Loan?

An Installment Loan is a loan that is repaid according to a fixed payment schedule. This means you pay a certain amount weekly, biweekly, or semi-monthly, depending on your loan. Each loan repayment you make includes a portion of the payment towards applicable principal and finance fees. Saved by Cash’s installment loans give you the flexibility to pay over time instead of paying back everything that is owed at once. In addition, some or all of the loan principal can be paid back at any time without ANY prepayment penalty.

What are the qualifications to be eligible for a loan online?

You will need:

• • A job or other regular source of income;
• • A valid bank account in good standing;
• • A valid email address and phone number;
• • You must be at least 21 years old;
• • You must reside in a state in which we offer loans.

How much can I borrow?

If this is your first time getting a loan through Saved by Cash, you may qualify to receive up to $1,500. Returning customers that remain in good standing and after certain number of successful payments may qualify for up to $5,000. Not everyone will qualify for the maximum loan amount. See Rates for additional information.

What happens if I have bad credit?

Saved by Cash understands that you may have had credit troubles in the past. Our loans are meant to service a wide-range of borrowers regardless of past problems with credit. Our goal is to help borrowers get the money they need.

How quickly will I get my money?

If your application is verified and approved, we can electronically deposit your loan proceeds into your account in as little as the same day, but loan applications that are not completed by the cut-off will be funded the next day. The time may also vary depending on your bank’s transfer policies.

How much does my loan cost?

Please see our Rates page.

What is the range of APRs available on Saved by Cash?

The current APR (Annual Percentage Rate) range for Saved by Cash is approximately 200%-300%.

How do I make payments on my loan?

Payments are typically automatically deducted electronically from the same bank account where your loan was deposited. No hassle, no stamps. we try to make repaying your loans as convenient as possible. If you prefer not to use an electronic method, you may pay by cashier’s check or money order by mailing payment to Saved by Cash, PO Box 2583, Clearlake, CA 95422. Checks and money orders must be received by us no later than the scheduled due date. You can manage your repayments through your account, or contact us at 888-290-1091 to speak with a customer service representative regarding questions about loan repayment.

What if I can’t make my payment on the due date?

It is your responsibility to make your best effort to provide loan repayments by the expected due dates. However, the good news is we make it easy for you to avoid incurring further finance fees if you see you are going to have a problem making a payment. If you are unable to make your scheduled payment, please contact us at least three (3) business days prior to the date your payment is due so we can work on a resolution.

Please note, you can schedule automatic electronic payments from your checking account. If you do make a late payment, skip a payment, or a payment is returned to us, you may incur additional fees.